Economy

Economy News

Japan won’t face incidents like SVB collapse – finance minister

By Leika Kihara TOKYO (Reuters) -Japan’s banking sector won’t face incidents similar to the collapse of U.S. lender Silicon Valley Bank due to differences in the structure of bank deposits,.

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Economy News

Take Five: Taking in the vistas from Jackson Hole

(Reuters) – Jackson Hole, Wyoming, is the focal point for markets in the coming week as investors zero in on the Federal Reserve’s annual confab. Business activity indicators in the.

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Economy News

U.S. Treasury disputes finding that new IRS funding would increase middle-class taxes

By David Lawder WASHINGTON (Reuters) – As a political messaging war rages over $80 billion in new Internal Revenue Service funding, a U.S. Treasury official is pushing back on an.

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Business Economy News

Biden administration touts $1 trillion infrastructure bill

By David Shepardson WASHINGTON (Reuters) – The White House is ramping up efforts to tout the $1 trillion bipartisan infrastructure bill and the effort to refurbish roads, bridges and airports.

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Economy News

ECB must keep raising rates as inflation will stay too high: Nagel

FRANKFURT (Reuters) – The European Central Bank must keep raising interest rates even if a recession in Germany is increasingly likely, as inflation will stay uncomfortably high all through 2023,.

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Economy News

Greece’s exit from enhanced EU scrutiny ends 12 years of pain – PM

ATHENS (Reuters) – Greece’s exit on Saturday from the European Union’s so-called enhanced surveillance framework for its economy ends 12 years of pain and allows the country greater freedom in.

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Economy News

S.Korea finance ministry warns growth may slow, exports face growing downside risks

SEOUL (Reuters) – South Korea’s finance ministry on Friday warned economic growth could slow on increasing downside risks for exports. “It is concerning that economic growth may slow due to.

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Economy News

Marketmind: Japan inflation could pile pressure on yen, BOJ

(Reuters) – A look at the day ahead in Asian markets from Jamie McGeever Inflation figures from Japan, which could put the central bank’s ultra-loose monetary policy under even more.

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Economy News

Biden administration readies about $800 million in additional security aid for Ukraine -sources

By Patricia Zengerle, Idrees Ali and Steve Holland WASHINGTON (Reuters) -President Joe Biden’s administration is readying about $800 million of additional military aid to Ukraine and could announce it as.

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Economy News

Argentina’s new economy chief highlights plans to boost reserves

By Eliana Raszewski BUENOS AIRES (Reuters) -Argentina’s latest economy minister, Sergio Massa, stressed the need to boost hard currency reserves on Thursday, pointing to new debt repurchase operations that could.

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